Revolving LC means : A letter of credit , which when it is drawn upon, it is automatically restored to its full amount, periodically, or after a particular event prescribed in the credit
1: What is the Max Term Allowed for Irrevocable Revolving LC in india according to RBI rules ?
2: If i get Irrevocable and revolving LC for 100 RS for 36 months , what will be the cost of this instrument will be considered by a bank ? Can i borrow a loan 3600 RS or I can borrow a loan of 100 RS only ?
